$445.24K in average volume shows that Trinseo PLC (TSE) is heading in the right direction

A new trading day began on Friday, with Trinseo PLC (NYSE: TSE) stock price down -6.84% from the previous day of trading, before settling in for the closing price of $5.12. TSE’s price has ranged from $1.93 to $8.83 over the past 52 weeks.

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Basic Materials Sector giant saw their annual sales surged by 1.43% over the last five years. Meanwhile, its annual earnings per share averaged -0.80%. With a float of $33.39 million, this company’s outstanding shares have now reached $35.40 million.

The firm has a total of 3100 workers. Let’s measure their productivity. In terms of profitability, gross margin is 6.75%, operating margin of -2.03%, and the pretax margin is -9.59%.

Trinseo PLC (TSE) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Chemicals Industry. The insider ownership of Trinseo PLC is 5.67%, while institutional ownership is 73.78%. The most recent insider transaction that took place on Aug 16 ’24, was worth 281,000. In this transaction Director of this company bought 100,000 shares at a rate of $2.81, taking the stock ownership to the 100,000 shares. Before that another transaction happened on Aug 19 ’24, when Company’s Director bought 50,600 for $3.39, making the entire transaction worth $171,534. This insider now owns 150,600 shares in total.

Trinseo PLC (TSE) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.87 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -0.80% per share during the next fiscal year.

Trinseo PLC (NYSE: TSE) Trading Performance Indicators

Here are Trinseo PLC’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.04.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -14.05, a number that is poised to hit -2.06 in the next quarter and is forecasted to reach -3.72 in one year’s time.

Technical Analysis of Trinseo PLC (TSE)

Analysing the last 5-days average volume posted by the [Trinseo PLC, TSE], we can find that recorded value of 0.77 million was better than the volume posted last year of 0.47 million. As of the previous 9 days, the stock’s Stochastic %D was 25.52%. Additionally, its Average True Range was 0.62.

During the past 100 days, Trinseo PLC’s (TSE) raw stochastic average was set at 53.37%, which indicates a significant increase from 29.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 190.61% in the past 14 days, which was higher than the 124.56% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $4.71, while its 200-day Moving Average is $3.79. Now, the first resistance to watch is $5.28. This is followed by the second major resistance level at $5.79. The third major resistance level sits at $6.09. If the price goes on to break the first support level at $4.47, it is likely to go to the next support level at $4.17. Should the price break the second support level, the third support level stands at $3.66.

Trinseo PLC (NYSE: TSE) Key Stats

With a market capitalization of 157.33 million, the company has a total of 35,402K Shares Outstanding. Currently, annual sales are 3,675 M while annual income is -701,300 K. The company’s previous quarter sales were 867,700 K while its latest quarter income was -87,300 K.